Ouster, Inc. (NASDAQ:OUST) Receives Average Rating of “Hold” from Analysts

Shares of Ouster, Inc. (NASDAQ:OUST) have earned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $48.1667.

Several research analysts have recently weighed in on the company. Rosenblatt Securities boosted their target price on Ouster from $40.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Oppenheimer reissued an “outperform” rating and set a $40.00 price objective on shares of Ouster in a research note on Tuesday, March 3rd. Weiss Ratings began coverage on Ouster in a research note on Friday, May 15th. They issued a “sell (d-)” rating for the company. Cantor Fitzgerald cut shares of Ouster from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Finally, Roth Mkm began coverage on shares of Ouster in a research report on Friday, May 29th. They set a “buy” rating and a $75.00 price objective for the company.

Insider Buying and Selling at Ouster

In other Ouster news, CRO Cyrille Jacquemet sold 9,433 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $40.00, for a total transaction of $377,320.00. Following the completion of the sale, the executive owned 123,158 shares of the company’s stock, valued at $4,926,320. This trade represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Darien Spencer sold 30,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $45.00, for a total value of $1,350,000.00. Following the completion of the transaction, the chief operating officer directly owned 342,366 shares in the company, valued at approximately $15,406,470. This trade represents a 8.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 948,896 shares of company stock worth $33,336,715. Insiders own 5.72% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Van ECK Associates Corp increased its position in shares of Ouster by 17.1% during the third quarter. Van ECK Associates Corp now owns 3,590 shares of the company’s stock valued at $97,000 after acquiring an additional 525 shares during the last quarter. Main Management ETF Advisors LLC lifted its holdings in shares of Ouster by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 54,810 shares of the company’s stock worth $1,186,000 after acquiring an additional 560 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of Ouster by 5.5% during the 2nd quarter. Corient Private Wealth LLC now owns 11,554 shares of the company’s stock worth $280,000 after purchasing an additional 599 shares during the period. Prosperity Wealth Management Inc. increased its holdings in Ouster by 5.5% in the 3rd quarter. Prosperity Wealth Management Inc. now owns 13,000 shares of the company’s stock valued at $352,000 after purchasing an additional 675 shares during the last quarter. Finally, Creative Planning increased its holdings in Ouster by 1.6% in the 3rd quarter. Creative Planning now owns 43,681 shares of the company’s stock valued at $1,182,000 after purchasing an additional 677 shares during the last quarter. Institutional investors and hedge funds own 31.45% of the company’s stock.

Ouster Stock Up 14.4%

Ouster stock opened at $46.57 on Friday. Ouster has a 52-week low of $16.40 and a 52-week high of $49.39. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of -48.01 and a beta of 3.24. The company has a fifty day simple moving average of $33.14 and a 200-day simple moving average of $25.92.

Ouster (NASDAQ:OUST) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.16). The business had revenue of $48.58 million during the quarter, compared to analysts’ expectations of $46.15 million. Ouster had a negative return on equity of 21.49% and a negative net margin of 30.12%.During the same period in the prior year, the business posted ($0.42) earnings per share. On average, research analysts anticipate that Ouster will post -1.05 EPS for the current fiscal year.

Ouster Company Profile

Ouster, Inc is a leading provider of high-resolution digital lidar sensors, software and services designed to enable advanced perception capabilities across a range of industries. Headquartered in San Francisco, California, the company develops modular lidar solutions that capture precise three-dimensional data in real time, supporting applications from autonomous vehicles and robotics to mapping, smart infrastructure and industrial automation.

The company’s core product lineup features multi-beam digital lidar units available in various form factors, including compact models for robotics and drones and larger units for automotive and mapping systems.